by Lara | Dec 31, 2014 | Gold |
The alternate Elliott wave count was confirmed with a new low below 1,190.96. The main Elliott wave count was invalidated, and will now be discarded. Summary: Downwards movement continues to find support at the pink ii-iv trend line. An upwards wave should begin from...
by Lara | Dec 30, 2014 | Gold, Gold Historical |
Upwards movement was expected. Summary: Upwards movement should continue overall to end at least slightly above 1,255.40, but the maroon channel from the weekly chart should not be breached. Upwards movement may end at the end of next week. Click on charts to enlarge...
by Lara | Dec 29, 2014 | Gold |
Downwards movement was not expected and has invalidated the hourly Elliott wave count. The Elliott wave count is changed slightly, but the mid term picture and target remains the same. Summary: The short term target is at 1,250. I expect to see an increase in upwards...
by Lara | Dec 26, 2014 | Gold |
Upwards movement was expected. The main Elliott wave count is confirmed, and the alternate Elliott wave count which was judged to have a very low probability was invalidated. Summary: A third wave up is confirmed. The target for it to end is at 1,278. Click on charts...
by Lara | Dec 24, 2014 | Gold |
Christmas Eve was quiet, as expected, with a small red candlestick. Price remains above the invalidation point on the main hourly Elliott wave chart, which has increased in probability. Summary: It is most likely a third wave up has just begun. First confirmation will...
by Lara | Dec 23, 2014 | Gold |
Sideways movement is completing a small red doji for Tuesday’s session. Downwards movement fell 8.83 short of the target. Summary: It is most likely a third wave up has just begun. First confirmation will come with a clear breach of the orange channel on the...
by Lara | Dec 22, 2014 | Gold |
As expected price broke out of the sideways range with a downwards thrust. The target can now be calculated. Summary: Downwards movement should be close to completion. The target is at 1,162. Thereafter, the next move for Gold should be a strong third wave up, which...
by Lara | Dec 19, 2014 | Gold |
Sideways movement in a very small range fits the Elliott wave count. This correction is taking a little longer. Summary: A triangle is coming to an end on the hourly chart. When it is done Gold should break out downwards to move at least to 1,172, and likely below...
by Lara | Dec 18, 2014 | GDX |
I have a new alternate for GDX for you. It fits perfectly with Gold’s Elliott wave analysis today. Click charts to enlarge. Main Wave Count This main wave count has an even probability with the alternate below. Both wave counts are identical to the end of minor...